WebbA the production possibilities frontier (PPF) is bowed outward as a result of 1)constant opportunity costs. 2)increasing opportunity costs. 3)decreasing opportunity costs. … Webb8 dec. 2024 · Economic growth shifts the PPF outward. The Shape of the PPF The PPF could be a straight line, or bow-shaped Depends on what happens to opportunity cost as economy shifts resources from one industry to the other. If opp. cost remains constant, PPF is a straight line. (In the previous example, opp. cost of a computer was always 10 …
Why is the PPC bowed outward? - YouTube
WebbSCARCITY, CHOICE, AND OPPORTUNITY COST FIGURE 2.9 Colleen and Bill Gain from Trade Although it exists only as an abstraction, the ppf illustrates a number of very important concepts that we shall use throughout the rest of this book: scarcity, unemployment, inefficiency, opportunity cost, the law of increasing opportunity cost, … WebbQuestion 33 of 40 Then tent 100 portal pointis This question 7 pointjaj posuber If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility toutor wil be O A. a negatively sloped straight line. cth50-xs
Answer please. Question 33 of 40 Then tent 100 portal pointis This...
Webbcharlie mcneil man utd stats; stone foundation rust destroy stone foundation rust destroy Webb31 aug. 2024 · A production possibilities frontier (PPF) is bowed outward as a result of:____.1) constant opportunity costs.2) increasing opportunity costs.3) decreasing … Webb17 juli 2024 · The short answer is: increasing opportunity cost. The PPF is bowed outward because resources are not all equally productive in all activities. People with many years … cth58.com